LongHash Ventures Launches a $100 Million Web 3 Investment Fund

LongHash Ventures, an Asian accelerator and investment firm that’s geared toward web 3, has announced a $100,000,000 venture fund for decentralized web.

The money will go to “multi-chain Web3 infrastructure project” that supports DeFi, NFTs and GameFi.

According to a press release that was shared with CryptoPotato Wednesday, the fund will continue raising capital until the end, with a goal of $100 million. These include NGC Ventures and Protocol Labs as well as Synthetix founders Kain Warwick and Jordan Warwick. Superscrypt recently provided funding for LongHashX, the accelerator arm of the company. The valuation was not disclosed. The accelerator has previously partnered in the past with companies like Filecoin, Polkadot and Algorand. Emma Cui, founder partner and CEO of LongHash Ventures said that the fund was created due to a “massive talent influx” from web 2 into web 3.

She continued, “Our unique value lies leveraging LongHashX for Asia to bootstrap the protocols we invested in, as well as using our crypto-native resources and knowledge to help the teams reach their potential.”

LongHash’s first fund was only $15 million. It focused on seed rounds and pre-seeding. Cui stated that LongHash plans to invest more in other stages. In April, LongHash joined Terraform labs to fund web 3 protocols within Terra ecosystem. Since both its internal currencies crashed to zero, however, the Terra network is almost dead.

CryptoPotato’s first article was “LongHash Ventures Launches $100 Million Web 3 Investment Fund”

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Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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